Industry Analysis & Industry Trends
To say that the Piece Goods, Notions and Other Apparel Wholesaling industry has declined over the five years to 2013 would be an understatement. Rising import penetration has displaced the downstream demand for buttons, zippers and yard fabric from domestic distributors to international manufacturers. Additionally, wholesale bypass, which is the trend of downstream buyers sourcing directly from manufacturers to cut expenses, has constrained wholesalers' function in the domestic supply chain and eliminated many operators. Although the recovering economy will help the industry somewhat, these adverse trends are anticipated to continue in the coming years... purchase to read more
Industry Report - Starting a New Business Chapter
This industry exhibits low barriers to entry, particularly in regards to cost advantages, economies of scale, capital cost requirements and government regulation. There are little, if no, switching costs. Switching costs represent one-off costs buyers must bear when they switch from one supplier to another (from an existing industry participant to a new entrant).
There is broad and unlimited access to distribution channels. Established players already fill most product distribution channels. Nonetheless, there are no significant hurdles in accessing channels. There are no specialized labor requirements to operate in this industry. Although workers in this industry have in-depth knowledge of products and their application, this is not a difficult barrier to overcome... purchase to read more